Internet Security

TeraBlock Partners with Binance Cloud to Bring Industry-Leading Technology, Liquidity, and Security Solutions to Users

Share this article TeraBlock, a cryptocurrency trade automation exchange, is excited to announce its partnership with Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security, and liquidity. TeraBlock and Binance Cloud Join Forces  Binance Cloud will be handling TeraBlock’s exchange technology development and maintenance, user…

Published 3 years ago in
TeraBlock Partners with Binance Cloud to Bring Industry-Leading Technology, Liquidity, and Security Solutions to Users

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TeraBlock, a cryptocurrency trade automation exchange, is excited to announce its partnership with Binance Cloud, an infrastructure solution for customers and partners to launch digital asset exchanges leveraging Binance’s industry-leading technology, security, and liquidity.

TeraBlock and Binance Cloud Join Forces 

Binance Cloud will be handling TeraBlock’s exchange technology development and maintenance, user registration, security, and liquidity. This partnership enables TeraBlock to focus on its business development and operations. Also, TeraBlock will not struggle with liquidity issues, as many new exchanges experience. Partnering with Binance Cloud will bolster Terablock’s security infrastructure to ensure safe trading at all times.

TeraBlock founder and CEO Shivam Tandon predicts TeraBlock will boost cryptocurrency adoption amongst newbies entering the crypto space. “After announcing the successful completion of our recently conducted IDO on BSCPAD, our users will benefit directly from the Binance Cloud partnership. The upcoming TeraBlock exchange, powered by Binance Cloud, enables our users to experience better trading depth, security, and transaction speed,” he said. “We hope to bring a renewed interest and experience like never before to the crypto space.”

TeraBlock is a cryptocurrency trade automation exchange that offers an easy-to-use interface to manage and trade digital assets with high-end technology. TeraBlock’s mission is to be the one-stop solution for newcomers to the crypto ecosystem. Empowered by machine learning, TeraBlock provides tools to aid inexperienced and advanced traders to manage their crypto assets.

Binance Cloud is an all-in-one, open-platform solution that enables cryptocurrency exchanges to build and launch quickly. It leverages Binance’s superior technology, liquidity, and security to provide the necessary infrastructure to digital asset exchanges. In addition, Binance Cloud enables partners to focus on business development and operations.

Binance Cloud mirrors the core functionalities of the Binance exchange. It brings the trading risk controls, robust matching engine, big data security system, market depth, and liquidity of Binance to other digital asset exchanges.

Contact Shivam Tandom ([email protected]) to learn more.

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Internet Security

FACT CHECK: SSS has no ongoing scholarship program

SUMMARY This is AI generated summarization, which may have errors. For context, always refer to the full article. The Social Security System warns the public about fake posts bearing the agency’s logo that contain suspicious links promoting an alleged scholarship program Claim: The Social Security System (SSS) posted an application link for its 2024 scholarship

Published 3 days ago in
FACT CHECK: SSS has no ongoing scholarship program

SUMMARY

This is AI generated summarization, which may have errors. For context, always refer to the full article.

FACT CHECK: SSS has no ongoing scholarship program
The Social Security System warns the public about fake posts bearing the agency’s logo that contain suspicious links promoting an alleged scholarship program

Claim: The Social Security System (SSS) posted an application link for its 2024 scholarship program offering elementary, high school, and college students allowances of up to P10,000. 

Rating: FALSE

Why we fact-checked this: The claim was uploaded on the Facebook page “Philippine Scholar,” which has been previously fact-checked by Rappler for disseminating false information on student aid supposedly from government agencies. 

The post claims that the 2024 SSS scholarship program offers P4,000 for elementary students, P6,000 for junior high school students, P8,000 for senior high school students, and P10,000 for college students.

The post also included a link to an unverified website where applicants are asked to provide their personal information such as name, email, and phone number. 

While the post was dated January 17, it continues to receive comments and engagements from Facebook users inquiring about the program. As of writing, the post has received 76 reactions, 224 comments, and 12 shares. 

Additionally, the website for the supposed application is still actively posting unverified scholarship programs from various public officials and agencies.

The facts: SSS does not offer the alleged scholarship program, the state-owned social insurance agency said in an advisory on January 18. 

“Walang ongoing scholarship program ang Social Security System para sa mga miyembro at benepisyaryo nito, o maging sa publiko. Huwag maniwala sa mga balita, post o private messages sa social media na nag-aalok nito,” the advisory read.

(The Social Security System has no ongoing scholarship program for its members and beneficiaries, or even for the public. Do not believe the news, posts, or private messages on social media that offer this.)

SSS also warned the public that these misleading posts are likely schemes that may put their personal data at risk.

For SSS-related concerns, the public is advised to direct their inquiries to the official SSS channels or through their verified support ticket system, the uSSSap Tayo Portal.

Educational assistance: What SSS offers is the Educational Assistance Loan Program (EALP), a short-term member loan program for eligible SSS member-borrowers intended to defray educational expenses for undergraduate degrees and technical or vocational courses.

According to the EALP application form on the SSS website, the maximum loanable amount is P20,000 per academic term, or a maximum allocation of P160,000 and P200,000 in full allocation for four and five-year degree programs, respectively. 

Meanwhile, qualified member-borrowers may apply for a maximum amount of between P40,000 and P60,000 for vocational or technical courses.

The loan program is funded by both the national government and SSS. To apply, individuals must submit an accomplished EALP application form and supporting documents to the nearest SSS office.

Debunked: Rappler has published several fact-checks about fake scholarship programs allegedly from government agencies:

  • FACT CHECK: DepEd doesn’t offer up to P10,000 scholarship via online forms
  • FACT CHECK: Link for CHED-UniFast scholarship is fake
  • FACT CHECK: DOLE-NLRC has no scholarship program

Official accounts: For official updates on the programs and services of SSS, refer to its official website, X (formerly Twitter), Facebook, Instagram, TikTok, and YouTube accounts.  – Larry Chavez/Rappler.com

Larry Chavez is a graduate of Rappler’s fact-checking mentorship program. This fact check was reviewed by a member of Rappler’s research team and a senior editor. Learn more about Rappler’s fact-checking mentorship program here.

Keep us aware of suspicious Facebook pages, groups, accounts, websites, articles, or photos in your network by contacting us at factcheck@rappler.com. Let us battle disinformation one Fact Check at a time.

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Danny Young, a Nigerian singer, recently took to social media to express his thoughts on Nigeria’s present economic situation. On his Instagram page, he highlighted that the primary difficulty for Nigeria was lack of production and exportation. The musician added that people are reluctant to invest in Nigeria due of insecurity…

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